News and notifications
News and information about our funds and market commentaries.
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Results from election meeting
At the election meeting, held on 31 May 2024, one unitholder representative were re-elected to the board of Pareto Asset Management.
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Smoothing concerns
May was certainly pleasant in the stock market. The S&P 500 rose by a full 5.0%, on renewed hopes of lower US inflation paving the way for earlier rate cuts. The MSCI World Index rose by 4.1% in local currency, reflecting a somewhat more restrained exuberance in other markets. Total return year to date, at 11.1%, is nevertheless in double-digit territory after just five months.
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Weep not for the exchange rate
Out of curiosity, I asked ChatGPT to pinpoint the most unexpected turn of events in the financial markets in April. In fixed income, it pointed to the sharp rise in long-term bond yields, particularly in the U.S. Treasury market. I’m not sure if it was truly unexpected, but it was indeed sharp: The 10-year yield rose by 48 basis points, while the 2-year yield almost followed suit, at 41 basis points.
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Financial markets and the economy in 2023
– In 2023, all eyes were on monetary policy. It turned out to be a wonderful illustration of short-term noise.
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Swing pricing
Pareto Asset Management AS has established procedures for swing pricing in accordance with the prospectus, to further improve protection of long-term unit holders, and shield existing holders from bearing trading related costs associated with the subscription and redemption of units.
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Pareto Investor Conference 2024
18 - 19 April Pareto Asset Management hosted the Pareto Investor Conference 2024. We were grateful and humble to welcome more than 70 guests from Sweden, Norway, Germany, Finland, Switzerland and France for a two-day event in Stockholm.
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Of wolves and inconsistencies
Financial markets in March were of the rosy kind. The MSCI World Index rose by 3.4%, bringing this year’s appreciation into double-digit territory. It’s being accompanied there by both the S&P 500 and the MSCI Nordic countries index, with the Euro STOXX 50 leading the pack at 12.9% after the first quarter of 2024.
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Annual report 2023
Annual report for our Norwegian-registered funds with information on the management company and other financial products.
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Adjusted expectations
Interest rates rose again in February, at both ends of the yield curve. This obviously reflects a realisation that key policy rates won’t be cut as fast or as much as many seemed to believe just a few months ago. Much of the decline from the last months of 2023 is thus wiped out.
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EuroHedge award win for Pareto Total: Best global equity hedge fund
At the EuroHedge Awards 2023, held in London on February 29, Pareto Total was honored with the award for Best Global Equity hedge fund. The award was announced at a black-tie dinner at the JW Marriott Grosvenor House, with an audience of more than 400 senior executives.